NZDJPY Sell Setup A bearish trade opportunity recently presented itself on the kiwi-yen trading chart 📉.
This is indicated by the bearish inverted pin bar just below the 88.957 horizontal resistance level.
This shows a rejection of the same resistance level, with potential price move in the downward ⬇️ 👇 direction.
Sufficient downward momentum should see price dumping towards the 86.000 psychological level and possibly testing the strength of the 85.715 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#NZDJPY #kiwiyen #shortsetup #bearishsignal #sell #trading #crosspair
Crosspair
GBP/CAD: Heavy Bank Buying!GBP/CAD: Heavy Bank Buying!
- This morning GBP/CAD dipped back into the High Volume area
- Banks used this dip to scoop up the pair
- Need to break current resistance (see Chart)
- Almost no volume above it, indicating room to run
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CADJPY POTENTIAL TO DOWN TO THE NEAREST AREAwith the volatility of world oil prices, and the volatility of the Japanese yen. made the price of the CADJPY currency pair skyrocket.
however, it is clear that sellers have started to dominate the price movement in the last week.
the best opportunity to enter the market is to wait for the price to touch the supply area as in the chart we present
GBPNZD-- playing a single level in a larger fibo placementLooking at price action on some of the different hourly timeframes + high probability retracement opportunity on GBPNZD. Be sure to check out the next post i make which is my analysis of this same pair from a higher timeframe perspective. Show some love and leave a comment telling what you think about my analysis.